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- IFRS 14 – Regulatory Deferral Accounts 0%
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Question 1 of 10
1. Question
When an entity presents current and non-current assets, and current and non-current liabilities, as separate classifications in its statement of financial position, it shall not classify the totals of regulatory deferral account balances as current or non-current.
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Question 2 of 10
2. Question
An entity shall present a separate line item in the profit or loss section of the statement of profit or loss and other comprehensive income, or in the separate statement of profit or loss, for the remaining __________ in all regulatory deferral account balances for the reporting period, __________ movements that are not reflected in profit or loss, such as amounts acquired.
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Question 3 of 10
3. Question
How shall an entity present deferred tax asset (liability) as a result of recognising regulatory deferral account balances and the related movements?
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Question 4 of 10
4. Question
When an entity presents earnings per share in accordance with IAS 33 Earnings per Share, the entity shall present additional basic and __________, which are calculated using the earnings amounts required by IAS 33 but excluding __________.
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Question 5 of 10
5. Question
An entity that elects to apply IFRS 14 shall disclose information that enables users to assess:
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Question 6 of 10
6. Question
Which of the following shall an entity disclose for each type of rate-regulated activity in order to help a user of the financial statements assess the nature of, and the risks associated with, the entity’s rate-regulated activities?
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Question 7 of 10
7. Question
Which of the following are ways to disclose information that is required by IFRS 14 in order to help users of the financial statements assess the nature of, and the risk associated with, the entity’s rate-regulated activities?
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Question 8 of 10
8. Question
An entity shall disclose the basis on which regulatory deferral account balances are __________, and how they are measured __________, including how regulatory deferral account balances are assessed for recoverability and how any impairment loss is allocated.
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Question 9 of 10
9. Question
For each type of rate-regulated activity, an entity shall disclose the following information for each class of regulatory deferral account balance:
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Question 10 of 10
10. Question
When rate regulation affects the amount and timing of an entity’s income tax expense (income), the entity shall disclose the impact of the rate regulation on the amounts of __________.
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